Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...
More »SEARCH RESULT
Total Matching Records found : 311
‘Kudumbashree' dominates Kerala local polls by P Sainath
In a few days from now, women could account for 52 per cent of all local bodies. They are tailors, farmers, accountants, legal clerks, homemakers, vendors and activists. There are M.Com degree holders alongside poor women from deprived backgrounds. Together, they make up the most highly educated women candidates fighting local body elections anywhere in the country. There are nearly 40,000 of them contesting the polls across more than 1,200...
More »Indian firms find Africa fertile ground for contract farming by Utpal Bhaskar and Shauvik Ghosh
State-owned trading firm MMTC Ltd, the Indian Farmers Fertiliser Cooperative (Iffco) and the conglomerate Bharti Enterprises plan to join the growing number of Indian entities engaged in commercial farming in Africa. Cheap land and labour costs in Africa are attracting a number of Indian firms with interest in agriculture. A large number of people in East African countries such as Kenya work in the cultivation of tea, coffee, corn, vegetables, sugarcane,...
More »The narcissism of the neurotic by P Sainath
The Commonwealth Games were no showcase, but a mirror of India 2010. If they presented anything, it was this — Indian crony, casino capitalism at its most vigorous. The Commonwealth Games over, we can now return to those of everyday Indian life. For all the protests, though, there was nothing in the corruption that marked the Games that does not permeate every town and city, all the time. Just that, in...
More »Haryana asks banks to reduce rate of interest
Haryana Chief Minister Bhupinder Singh Hooda today said nationalised banks should reduce interest rates as has been done by state cooperative banks on short-term loans to small and marginal farmers in the state. This issue was raised with State Bank of India officers here today on the occasion of signing of Memorandum of Understanding (MoU) between Lakshya Food India and State Bank of India (SBI), an official release said. The...
More »
